see financial statement below
Showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchases additional equiment for $12 million at the end of 2016, and this equipment was depreciated by $4 million per year 2017,2018, and 2019. Given Mydeco taxe rate is 35%, what impact would this additional purchase have had on Mydecos net income in years 2016-2019? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances)
Homework: Homework Chapter 2 Pas 1 O Points of 1 New Tatie 25 showing francie statement data and stock price data for Mydeco Cop Suppose Mydeco had purchased additional equipment for $12 million at the end of 2016, and this pupment was depreciated by $4 million per yn 2017, 2016 and 2015 Given Mydeco's tax rate of 35%, what impact would this additional purchase have had on Mydaod's not moome in years 2016-20197 (Assume the qument is paid for out of cash and that yo w on its cash balans) Caate the new net income below found in one decimal place) (millions) Year 2016 Net Incon Aditional Depreciation Tax Savings Now Not one Clear all Check answer $ $ ainulator (Round to 2016 (Click on the following icon in order to copy its contents into a spreadsheet) Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2015 2016 2017 2018 404.3 363.8 424.6 (188.3) (173.8) (206.2) 216,0 190.0 218.4 (66.7) (66.4) (82.8) (60.6) (59.1) (59.4) (27.3) (27.0) (34.3) 614 37.5 41.9 (33.7) (329) (32.2) 27.7 4.6 9.7 (9.7) (1.6) (3.4) 18.0 3.0 6.3 55 55 55 $0.33 $0.05 $0.11 48.8 68.9 86.3 88.6 69.8 69.8 33.7 30.9 28.4 171.1 184.5 245.3 309.0 361.7 361.7 778.1 8552 2015 2016 169.6 243.3 361.7 774.6 2017 510.7 (246.8) 263.9 (102.1) (664) (38.4) 57.0 (37.4) 19.6 (6.9) 12.7 55 $0.23 77.5 76.9 31.7 186.1 345.6 361.7 893.4 2018 2019 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (11.7) 21.7 55 $0.39 85.0 86.1 35.3 206.4 347.0 361.7 915.1 2019 HE WAS SE yun owing financial statement and 2019. Given Mydeco's alances) income below. (Round t 2016 $ ciation $ $ S Total Current Assots Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 171.1 245.3 361.7 778.1 18.7 6.7 25.4 500.0 525.4 252.7 778.1 2015 18.0 27,3 3.9 (29) 2.2 48.5 (25.0) (25.0) (5.4) (5.4) 18.1 $7.92 169.6 243.3 361.7 774.6 17.9 6.4 24.3 500.0 524.3 250.3 774.6 3.0 27.0 18.8 28 (1.1) 50.5 (25.0) (25.0) (5.4) (5.4) 20.1 $3.30 2016 184.5 309.0 361.7 855,2 22.0 7.0 29.0 575.0 604.0 251.2 855.2 6.3 34.3 0.0 2.5 47 47.8 (100.0) (100.0) (5.4) 75.0 69.6 17.4 $5.25 2017 186.1 345.6 361.7 893.4 26.8 8.1. 34.9 600.0 634.9 258.5 893.4 12.7 38.4 (7.1) (3.3) 5.9 46.6 (75.0) (75.0) (5.4) 25.0 19.6 (8.8) $8.71 2018 206.4 347.0 361.7 915.1 31.7 9.7 41.4 600.0 641.4 273.7 915.1 21.7 38.6 (9.2) (3.6) 2019 6.5 54.0 (40.0) (40.0) (6.5) (6.5) 7.5 $10.89 y for out of cash and that Mydeco eart owing financial statement and 2019. Given Mydeco's alances) income below: (Round 2016 ciation $ $ $ Total Current Assots Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 171.1 245.3 361.7 778.1 18.7 6.7 25.4 500.0 525,4 252.7 778.1 18.0 27.3 3.9 (29) 2.2 48.5 (25.0) (25.0) (5.4) (5.4) 18.1 $7.92 2015 169.6 243.3 361.7 774.6 17.9 6.4 24.3 500.0 524.3 250.3 774.6 2016 3.0 27.0 18.8 2.8 (1.1) 50.5 (25.0) (25.0) (5.4) (5.4) 20.1 $3.30 184.5 309.0 361.7 855,2 22.0 7.0 29.0 575.0 604.0 251.2 855.2 6.3 34.3 0.0 2.5 47 47.8 (100.0) (100.0) (5.4) 75.0 69.6 17.4 2017 $5.25 186.1 345.6 361.7 893.4 26.8 8.1. 34.9 600.0 634.9 258.5 893.4 2018 12.7 38.4 (7.1) (3.3) 5.9 46.6 (75.0) (75.0) (5.4) 25.0 19.6 (8.8) $8.71 206.4 347.0 361.7 915.1 31.7 9.7 41.4 600.0 641.4 273.7 915.1 21.7 38.6 (9.2) (3.6) 2019 6.5 54.0 (40.0) (40.0) (6.5) (6.5) 7.5 $10.89 My Home for out of cash and that Mydeco eart (Round to 2016 (Click on the following icon in order to copy its contents into a spreadsheet) Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2015 2016 2017 2018 404.3 363.8 424.6 (188.3) (173.8) (206.2) 216,0 190.0 218.4 (66.7) (66.4) (82.8) (60.6) (59.1) (59.4) (27.3) (27.0) (34.3) 614 37.5 41.9 (33.7) (329) (32.2) 27.7 4.6 9.7 (9.7) (1.6) (3.4) 18.0 3.0 6.3 55 55 55 $0.33 $0.05 $0.11 68,9 86.3 69.8 69.8 30.9 28.4 184.5 309.0 361.7 855.2 2015 48.8 88.6 33.7 171.1 245.3 361.7 778.1 2016 169.6 243.3 361.7 774.6 2017 510.7 (246.8) 263.9 (102.1) (664) (38.4) 57,0 (37.4) 19.6 (6.9) 12.7 55 80.23 2018 77.5 76.9 31.7 186.1 345,6 361.7 893.4 2019 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (11.7) 21.7 55 $0.39 85.0 86.1 35.3 206.4 347.0 361.7 915.1 2019 He en sabe yun Homework: Homework Chapter 2 Pas 14 O Points: 01 New Tate 25 showing francis stament data and stock proe data to Mydeco Cop Suppose Mydeco had purchased additional aquipment for $12 million at the end of 2016, and this equipment was depreciated by 4 per yn 2017, 2018, and 2018 Gen Myteco's tax rate of 35%, what impact would this additional purchase have had on Mydes not come in years 2016-20197 (Assume the prement is paid for out of cash and that ydeco on its cash ba Carate the new net income below (Round is one del place) (millions) Year 2016 Net Incom Aditional Depreciation Tags Now Not one Clear all Check answer 5 $ Sulater
